Fight Cafe prepares in-flight meals for airtines in its kitchen located next to a local airport. The company's planning budget for July appears below: In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. (indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values.) Qullicene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: The actual results for August were as follows: Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), Input all amounts as positive values.) VuIcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data concerning the company's operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero variance). Input all amounts as positive values.) Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier Management has identified two cost drivers-the number of cruises and the number of passengers - that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sutficient demand. Up to 82 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: For example, vessel operating costs should be $6,400 per month plus $479.00 per cruise plus $3.20 per passenger. The company's saies should average $35,00 per passenger. In July, the company provided 57 cruises for a total of 3,200 passengers. Required: Prepare the company's flexible budget for July. The Gourmand Cooking School runs short cooking courses at its small campus. Management has identifled two cost drivers it uses in its budgeting and performance reports - the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below. For example, administrative expenses should be $3,900 per month plus $40 per course plus $6 per student. The company's sales should average $880 per student. The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only. 61 students. The actual operating results for September were as follows: Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
